Brazil’s foreign trade contracted by $14 bn in the third quarter compared to the level before the covid-19 pandemic in the fourth quarter of 2019, show data from the Organisation for Economic Cooperation and Development (OECD). Brazilian exports declined by $3.8 bn between July and September compared to before the pandemic. Imports contracted much more, by $10.2 bn.
Source: Valor Investe
The creation of low-interest credit lines for low-income families to purchase photovoltaic and wind energy equipment is the objective of the Law Project (PL) 5,239/2020, The justification is that families with lower purchasing power feel the economic crisis much more strongly and in this population range, the electricity bill has significant weight on the family budget.
Source: Money Times
Adriana Waltrick, president of SPIC Brazil, said that the Brazilian subsidiary of China’s State Power Investment Corporation maintains among its priorities for growth in the country investments in new hydroelectric plants, without prejudice to the possibility of investing in existing plants, alone or in partnerships.
Source: Energia hoje
Petrochemical Braskem saw the cost for closing its rock-salt operation in Alagoas rise again, which authorities blame for causing land subsidence in the capital city Maceió. In addition to the R$8.5 billion ($1.5 bn) it had already set aside for the case, it now expects to spend another R$3 billion ($555 mm) to close the mine, for a total of R$11.5 billion ($2.2 bn).
Source: Valor Internacional
Facebook and the accelerator Baita, based at Unicamp, announce the ten startups that will be developed through their Campo Digital program. The project seeks digital solutions for Brazilian agribusiness focused on small and medium producers. It is the first Facebook program to accelerate startups with solutions for agriculture in Latin America.
Source: 6 Minutos UOL
In the driest October of the last 90 years, bioelectricity generation helped to alleviate the impact of the water crisis on hydroelectric reservoirs, reaching more than 3,000 GWh at the SIN, although there was a 6.8% drop in production compared to October 2019, but reaching more than twice as much as coal generation and 60% of the total generation by gas thermal plants in the month.
Source: Canal Energia
The crisis generated by COVID-19 has led to a reduction in foreign investment in the country’s productive sector. Investments in stocks, bonds and investment funds show signs of reaction, according to data from the Central Bank. Net inflows in direct investments in the country, which go to the productive sector of the economy, totalled $1.793 bn last month, compared to $8.221 bn in October 2019.
Source: Money Times
Brazil’s potential for power generation with offshore wind power plants has entered the radar of government technicians and companies such as the oil company Equinor and the electric company Neoenergia. The state company EPE said it has seven offshore wind projects in national waters that are in the licensing phase, which would total capacity of up to 15GW, close to the 16GW currently operating on land.
Source: UOL Economia
Suzano announced agreements with specialty cellulose manufacturer Bracell to sell land, forests and wood, in a transaction totalling around $189 mm to reduce the company’s indebtedness. The properties involve 21,066 hectares in central São Paulo state, of which a portion will be sold and the rest refer to Suzano’s lease agreements.
Source: Portal do Agronegocios
Cemig SIM started last week to register for pre-sales of solar energy by subscription for customers in the residential segment. According to the company, as of January, customers who have pre-registered will have 15% discounts on the monthly tariff, with no obligation to comply with the loyalty period. Cemig SIM’s goal is to serve 1,000 new contracts in the first three months of 2021.
Source: Energia Hoje